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    767 E 14th Pl Los Angeles, CA 90021

    Sponsored
    For Sale
    $1,600,000

    4,216 SF Warehouse - Owner/User Opportunity

    Property size:
    4,216 SF

    Description

    Added:
    Jan 16, 2025
    Days on Market:
    364
    This exceptional 4,216 square foot industrial building presents a fantastic owner-user opportunity in the heart of Downtown Los Angeles. The property features a clear-span warehouse, ideal for various industrial uses. A secure, fenced yard provides ample outdoor storage space. The building also boasts a well-appointed, air-conditioned office area, perfect for administrative functions. Access is convenient with two ground-level loading doors. Situated on a 0.15-acre lot, this property offers a rare combination of functionality and location. Its prime Downtown LA address provides easy access to major transportation arteries and a vibrant urban environment. The building's size and features make it suitable for a wide range of businesses seeking a versatile and well-maintained space. The property is being offered at $1,600,000. This represents a compelling investment opportunity for businesses seeking to own their operational space in a highly desirable location. The building's industrial zoning allows for a variety of uses, making it an adaptable and valuable asset. Serious inquiries are encouraged.

    Property Features for 767 E 14th Pl

    General Information

    Property type
    Flex space
    Square Feet
    4,216 SF
    Price / Square Foot
    $379
    Class
    C
    Elevators
    N/A
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    1

    HighLights

    • 4,216 sq ft industrial building in Downtown LA.
    • Features a clear span warehouse and fenced, secure yard.
    • Includes a great air‑conditioned office area and two ground‑level doors.
    Location Intelligence

    Current Use by Public Records

    Namu Group Construction Contractor Oh/JJLA Group Construction Contractor

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    State
    California
    Longitude
    -118.252883
    Latitude
    34.030482

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    FAQs

    What type of property is this?
    Flex space - 4,216 SF Warehouse - Owner/User Opportunity
    Where is this flex space located?
    The property is located at 767 E 14th Pl Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 4,216 sq ft industrial building in Downtown LA.; Features a clear span warehouse and fenced, secure yard.; Includes a great air-conditioned office area and two ground-level doors.
    (213) 446-0396
    Request Owner's contact information
    767 E 14th Pl Los Angeles, CA 90021
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    Los Angeles, CA 90021
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    767 E 14th Pl Los Angeles, CA 90021
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